Trust Services

Trust Accounts

A personal checking account for a convenient way to pay bills and maintain permanent financial records.

Conservatorship >

This agreement under court order establishes that St. Ansgar State Bank acts for an individual in managing his or her business and non-business affairs.

Burial Trust >

This account is designed specifically to provide burial funds at the time of death.

Trust Accounts

A trust account allows the Bank to care for property. These trusts are created during someone's life or through a will with goals of providing for heirs and reducing taxes. The creator of the trust usually has the flexibility to make whatever provisions he or she wishes. With the bank as trustee, an individual has the assurance that your affairs will be handled by a professional. Individuals may die, become ill or incapacitated and unable to manage the trust. The Bank is an objective party that may minimize possible family discord.


A trust can help you control your financial destiny by:

  • Reducing taxes
  • Providing for family, friends and/or charities
  • Keeping your personal financial matters out of the public eye
  • Simplifying your life


Additional Features as outlined in our account information brochure.

 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

 

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.  What this means for you:  When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver's license or other identifying documents.
 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

 

Effective January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.  For more information about FDIC insurance coverage, visit http://www.fdic.gov/deposit.